City development agencies must register projects with RERA: Delhi chairman

If they do not get registered with us then we have got enough of more power to take action against them under section 59 and 61 of the Act.

The Real Estate (Regulation and Development) Act protects the interests of home buyers and sets rules for the sector. Anand Kumar, chairman of the Delhi Real Estate Regulatory Authority (RERA), told Namrata Kohli in an interview how the system works. RERA registration is like insurance for homebuyers, he said.

Here are edited excerpts from the interview.

You have brought nearly every important stakeholder under the ambit of RERA, be it the builder, the project, the broker. But the buck actually stops with the development authorities. Shouldn’t they be held accountable and register with RERA?

Anybody who is into the